After how many years of remaining unclaimed, are the proceeds of such inoperative accounts to be transferred to the Depositor Education and Awareness Fund?
In India, as per the guidelines issued by the Reserve Bank of India (RBI), the proceeds of inoperative accounts and unclaimed deposits with banks are transferred to the Depositor Education and Awareness Fund (DEAF) after a period of 10 years from the date of the last transaction in the account. This means that if there has been no transaction in a bank account for a period of 10 years or more, and the account has become inoperative, the balance in the account will be transferred to the DEAF. Similarly, if a deposit or investment in a financial institution remains unclaimed for a period of 10 years, the proceeds will also be transferred to the DEAF.
How many members are present in Pension Fund Regulatory and Development Authority?
As per s.2(10) of the Sale of Goods Act, 1930 price includes:
Who shall preside over the meetings of the Board in the absence of the Chairman, under SEBI Act?
Which of the following are ancient sources of Hindu Law?
A. Shruti
B. Smriti
C. Legislation
D. Precedent
In which of the following case it was held that if a company pursues objects beyond the scope of the memorandum of association, the company's actions...
S.151 of CPC is:
If the trustee does not want to accept the trust property he may
Under the Payment of Wages Act, 1936 the fine should not be imposed on any employee who is below the age of .......... years.
As per the Employee’s Compensation Act, what shall be the amount of compensation where death results from the injury
When is an arrested person entitled to meet an advocate of his choice?
